Earnings after tax were SEK 16 (-57) million. The improvement compared with the previous year was mainly due to reduced financial expenses.

Earnings per share were SEK 0.2 (-8.1). After adjustments for the effects of the new capital structure, earnings per share were SEK 0.2 (-0.6).

Operating cash flow was SEK -8 (140) million. Excluding the outflows related to the listing, the operating cash flow was SEK 64 (140) million. The third quarter was also affected by the favourable level of working capital in the year’s second quarter.

The period January–September 2015

Net sales during the period grew by 12 per cent to SEK 5,440 (4,877) million. Currency fluctuations had no impact on net sales during the period.

Earnings after tax were SEK 156 (-164) million. The change compared with the previous year is mainly due to lower financial expenses, as well as because tax losses are recognised during the second quarter.

Earnings per share were SEK -4.2 (-23.3). After adjustments for the effects of the new capital structure and nonrecurring costs in connection with the listing, earnings per share were SEK 2.3 (-1.7).

CEO commentsCoor continues to deliver a strong organic growth of 6 percent in the third quarter and 12 percent for the period from January to September.

The operating margin (adjusted EBITA margin) for the third quarter was 4.2 per cent and 4.8 per cent for the period from January to September. The third quarter has always been the weakest quarter in terms of margins for the Group as a whole. Despite this margins have greatly improved in Norway, as well as in Denmark and Finland.

Our underlying cash flow continues to be strong, and in the last twelve months we have reduced operating capital by SEK 91 million and have cash conversion of 111 per cent. During the third quarter the cash flow was affected by large outflows related to the listing.

Continued growth is driven by Norway and DenmarkDuring the third quarter we have continued to win new contracts and extend some major existing contracts. The important contract extensions during the quarter include the contract with the Danish Police service. We deliver integrated facility management (IFM) to 210 police stations all over Denmark under this agreement. Another important contract extension was with Sweden's largest property company Vasakronan, where we deliver IFM to Vasakronan and bundled FM services to their tenants.

During the period we have successfully signed a new Norwegian IFM contracts with Frontica Business Solutions (for services to Aker Solutions in Fornebu) and Statoil (for services to five oil platforms in the North Sea). In addition, on 7 October we announced a large extension of the IFM contract with Aker Solutions in Norway.

The pressure from low oil prices in the Norwegian oil and gas industry continues to drive an interesting and expansive market for Coor and our effective IFM solutions. As the market leader in IFM solutions in the Nordic countries, we are well positioned to continue to help the Norwegian oil industry to find the next level of outsourced efficiency.

Strengthened margins in all countries except SwedenDuring the third quarter profitability was strong in all countries except for Sweden.

For the Group as a whole and Sweden in particular, the third quarter has always been the weakest quarter in terms of margins. This is due to the fact that July and August are holiday months, which means that there are fewer additional orders of services that provide a higher margin and that there are fewer diners in Coor's restaurants. This seasonal effect was offset during the third quarter of 2014 by large additional orders in a single Swedish contract, which partly explains the difference between this year's third quarter and the third quarter of 2014.

As we announced after the second quarter, the cutbacks in the operations at one of our larger customers in Sweden were implemented during the third quarter. This will affect us negatively during the second half year 2015 until we have adjusted our cost mass.

On the other hand, Norwegian operations deliver a significant margin improvement during the quarter, which is driven by larger contract volumes that have existed for a longer period of time. This is an effect of our structured integration work with large contract volumes during the last twelve months. The strengthened margins in Denmark and Finland are mainly driven by efficiency measures which were implemented in a number of existing contracts.

Strong cash conversion rolling 12 monthsOur underlying cash flow is very strong. During the last twelve months we have reduced operating capital by SEK 91 million and we have cash conversion of 111 per cent. Efforts to generate high cash flows have always been central to us at Coor, and when we are able to combine a reduction in working capital with organic growth we create a good platform for large dividends to our shareholders in the future.

Good market prospectsIn a turbulent world our home markets in the Nordic region continue to be stable with underlying GDP growth in all of the Nordic countries except Finland. Market prospects for outsourced FM services continue to be favourable. We are witnessing a stable demand and high activity levels in all markets and are in a good position to achieve continued growth with good cash flow.

Stockholm, 5 November, 2015

Mikael StöhrPresident and CEO, Coor Service Management

The information is disclosed pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on November 5, 2015 at 08:00 CET.

Invitation to press and analyst presentationOn 5 November at 10:00 CET, Coor's CEO and CFO will present the company's development during the third quarter in a webcast. To participate in the webcast please register via the following link http://edge.media-server.com/m/p/5589hwda before the meeting. If you would like to listen to the presentation via the phone, please call +46 8 566 426 96 (Sweden), +47 235 002 53 (Norway), +358 981 710 492 (Finland) or +44 203 428 14 09 (England). The presentation material as well as a recording of the webcast will be published on the company's website after the presentation.

Coor Service Management (Coor) is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including AB Volvo, Aibel, Det Norske Veritas, DR (Danish Radio), E.ON, Ericsson, EY, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Skanska, Statoil, TeliaSonera, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. At 30 June 2015 the company had 6,600 employees based mainly in Sweden, Denmark, Norway and Finland, and annual sales of SEK 7,300 million (rolling twelve-month basis). Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com

About Us

Coor Service Management is a leading Nordic service provider, delivering all the facility management services necessary for a company or public organization to work smoothly and effectively. Coor has the markets broadest-based offering and possesses specialist competencies in workplace services (soft FM), property services (hard FM) and strategic advice. By combining different services from these service segments, Coor delivers unique, effective and flexible solutions that create value for customers. We call this smart service – service with IQ.